Current through the 2024 Budget Session
Section 17-32-124 - Right to inspect records(a) Except as provided by subsection (b) of this section, on reasonable notice, a member or administrator of a decentralized unincorporated nonprofit association shall be entitled to an electronic record of any record maintained by the nonprofit association regarding the nonprofit association's activities, financial condition and other circumstances, to the extent the information is material to a member or administrator's rights and duties under the nonprofit association's governing principles or this act.(b) A decentralized unincorporated nonprofit association shall not be obligated to provide records requested from a member or administrator if access to the information is contained in a record available to the member or administrator on decentralized ledger technology.(c) A decentralized unincorporated nonprofit association may impose reasonable restrictions on access to and use of information that may be provided under this section, including by designating the information confidential and imposing nondisclosure or other safeguarding obligations on the recipient of the information. In a dispute concerning the reasonableness of a restriction under this subsection, the nonprofit association shall have the burden of proving reasonableness.(d) A former member or administrator may have access to information to which the former member or administrator was entitled to as a member or administrator if: (i) The information relates to the period of time during which the former member or administrator was a member or administrator;(ii) The former member or administrator seeks the information in good faith; and(iii) The former member or administrator satisfies the requirements of subsection (a) through (c) of this section with respect to the information.(e) A decentralized unincorporated nonprofit association shall not be obligated to collect and maintain a list of members or individual member information, including the names or addresses of its members.Added by Laws 2024, ch. 50,§ 1, eff. 7/1/2024.